Internet Based Merchant Account - it's similar to The Merchant credit card statement?

An Internet merchant account is one of the absolute minimum to accept payments for online transactions. Do not forget the most important thing about an Internet merchant account is that it is separate from an ordinary credit card merchant account.

Do not make the mistake of assuming that this service is your Internet merchant account with a bank in the price. A separate? But necessary? Service. "The dealers think the fee is part of the bank charges, but this process is to separate from the banks."

Accepting credit card payments through your website actually requires multiple components. Between a paying customer and your bank account, made of three layers:

Payment Gateway - This is the code of the customer's order and from an Internet merchant account provider of the network. The Payment Gateway offers you the opportunity, customer billing information (credit card, enter credit card number, expiration date and amount of payment) and followed the necessary steps are validated before the credit card is billed to actually accept.

Internet Merchant Account - A Merchant Account is an account with a financial institution or bank that you credit card payments from your customers. The payment gateway actually sends the billing information on the Internet merchant account provider. Unfortunately, most local banks do not internet merchant account capability.The main reason why most local financial institutions or banks do not want to online merchant accounts, because transactions are made via the Internet, completely different face to face, which stores a signature required to purchase the stand. This makes online transactions prone to credit card fraud. Protection against fraud must be one of your primary considerations when choosing an Internet merchant account provider.

Website - Regardless of the merchant and gateway service provider you choose, your site will want to integrate with your service. Most providers include detailed web integration instructions. The ability to accept credit cards is important to local success.

But setting up a traditional merchant account with Master Card, Visa, Discover, and other plastic payment method is expensive. There are up fees, maintenance fees, set the gateway fees and a percentage of each sale goes to the merchant account provider. This is usually too much for the small town owner

Posted in: Merchant Account